The impact of entrepreneurial mindset on the family business performance

This research aims to investigate the entrepreneurial mindset dimensions and their impact on the performance of family businesses in Kuwait. The entrepreneurial mindset dimensions that are taken into consideration in this study are the following: entrepreneurial cognition, need for achievement, self-confidence, persistence, optimism, passion, proactiveness, and risk- acceptance, where such a set of combinations is used for the very first time. The moderating effects of entrepreneurial education/training is evaluated as well. This thesis also investigates the mediating effect of entrepreneurial mindset between intergenerational aspects and family business performance. The data are analysed by using descriptive and inferential statistics, while correlation, multiple regression analysis and covariance-based structural equation modelling were used to evaluate the theoretical model and bootstrapping technique was used to test the hypotheses. This research intends to be one of the first serious work, which will measure the impact of entrepreneurial mindset dimension specifically on family businesses performance in Kuwait particularly, and in Gulf Cooperation Council (GCC) countries, generally. Subsequently, it will fill a substantial gap in the entrepreneurial mindset literature. This research will be a valuable ground for further similar research in different countries, especially in the GCC region, where currently very limited and fragmented research on entrepreneurship and family business entrepreneurship is noticed. Practical and theoretical implications, limitations and future research directions will be provided as well.